Tuesday, January 24, 2023

Rock Ventures: First Detroit, now Cleveland

It’s almost impossible to take a picture in Downtown Detroit and not
include a property that belongs to or is connected ith Dan Gilbert’s
Rock Ventures LLC. Start with the Qline streetcar running along 3
miles of Woodward Avenue which was partially funded and man-
aged by Rock Ventures. Then, at far left, Bedrock is building the
$1.4 billion Hudson’s Site development. Just beyond it are three
high-rises owned by Bedrock — One Campus Martius, First
National Building and Ally Detroit Center. Along the side-
walk at right are many more Bedrock-owned buildings
with retailers given free or below-market rent. Cleve-
land is next, Bedrock officials say (KJP).

Billionaire Dan Gilbert can ride up and down Woodward Avenue in downtown Detroit and admire his work like no one else can. He can point at buildings like a kid checking out baseball cards in a collector’s showcase and say “got it, need it, got it, got it…” Perhaps he and his real estate company Bedrock might have the opportunity to do that soon in downtown Cleveland, too.


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